Summary
Kratikal Tech IPO is a ₹39.69 crore BSE SME book-built issue of 29,40,000 fresh issue, with bidding scheduled from 30 June to 2 July 2026.
The company is a provider of AI-powered cybersecurity products and services that serve organisations with security awareness, risk management, and compliance solutions.
The Kratikal Tech IPO could be suitable for investors with a high-risk appetite who are optimistic about the long-term growth of the cybersecurity sector.
The Kratikal Tech IPO has an issue size of ₹39.69 crore and is being offered through the book-building process. The company is issuing only fresh equity shares, totalling nearly 29,40,000 equity shares, without any offer-for-sale.
Subscriptions for the Kratikal Tech IPO commence on 30 June 2026 and will conclude on 2 July 2026. The company is expected to complete the allotment process on 3 July 2026, with the shares tentatively scheduled to begin trading on the BSE SME platform on 7 July 2026.
The Kratikal Tech IPO price band is at ₹128/share to ₹135/share. Each lot comprises 1,000 shares. Retail investors are required to invest a minimum of ₹2,70,000, which represents an application for 2,000 shares at the highest price band.
HNI investors must apply for at least 3 lots (3,000 shares), involving a minimum investment of ₹4,05,000.
Kratikal Tech IPO–Key Details
The following table summarises the important information related to the Kratikal Tech IPO:
| IPO Open | 30 June 2026 |
| IPO Close | 2 July 2026 |
| Face value | ₹10.00/share |
| Price Band | ₹128/share to ₹135/share |
| Issue price | – |
| IPO Lot Size | 1,000 shares |
| Offer-for-sale | NA |
| Fresh issue | 29,40,000 Equity Shares (₹39.69 crore) |
| Issue Type | SME/Book-built |
| Listing | BSE SME |
| Total Issue Size (₹ Crore) | ₹39.69 crore (29,40,000 Equity Shares) |
| Minimum Investment (Retail) | ₹2,70,000 (2 lots at upper band) |
Kratikal Tech IPO–Timeline
The following schedule summarises the Kratikal Tech IPO timeline that investors should note:
| Bid Open Date | 30 June 2026 |
| Bid Close Date | 2 July 2026 |
| Allotment | 3 July 2026 |
| Refunds Initiated | 6 July 2026 |
| Share Credit Date | 6 July 2026 |
| Listing | 7 July 2026 |
| UPI mandate Cut-off time | 2 July 2026 (05:00 PM) |
Kratikal Tech Limited–Key Performance Indicators (KPIs)
The table below lists the important financial metrics and operating ratios of Kratikal Tech Limited, giving an overview of its financial standing:
| KPIs | 2026 | 2025 | 2024 |
| ROE (%) | 34.95 | 43.13 | 66.29 |
| ROCE (%) | 34.35 | 47.48 | 56.30 |
| Debt-Equity Ratio (in times) | 0.00 | 0.00 | 0.00 |
| RoNW (%) | 25.57 | 34.28 | 48.83 |
| PAT Margin (%) | 16.73 | 18.29 | 24.61 |
| EBITDA Margin (%) | 24.73 | 26.44 | 29.74 |
| Price-Book Value | 4.59 | – | – |
Kratikal Tech Limited–Financial Information
| 2026 | 2025 | 2024 | |
| Revenue | 3,671.59 | 2,085.09 | 1,301.58 |
| Assets | 3,011.51 | 1,557.67 | 905.23 |
| Profit After Tax | 614.25 | 381.44 | 320.32 |
(Amount in ₹ lakhs)
Kratikal Tech IPO–Subscription Status
The table below tracks the progress of the Kratikal Tech IPO subscription throughout the bidding period:
| Date | QIB (Ex Anchor) | NII* | Individual Investors | Total |
|---|---|---|---|---|
| Jun 30 (Day 1) | 1.20 | 3.26 | 3.04 | 2.56 |
| Jul 1 (Day 2) | 5.09 | 15.33 | 19.74 | 14.61 |
Kratikal Tech IPO–Grey Premium Market (GMP)
The latest available Grey Market Premium (GMP) for the Kratikal Tech IPO is ₹41/share, last updated at 8:31 AM IST on 1 July 2026.
Considering the upper issue price of ₹135/share, the estimated listing price works out to nearly ₹176/share, suggesting an expected gain of about 30.37%.
| GMP Date | GMP (₹) | Est. Listing Price | Est. Profit | Last Updated |
| 1 July 2026 | ₹41.00 | ₹176 (30.37%) | ₹41,000 | 01/07/2026 (8:31 AM) |
| 30 June 2026 (Open) | ₹41.00 | ₹176 (30.37%) | ₹41,000 | 30/06/2026(11:35 PM) |
| 29 June 2026 | ₹14.00 | ₹149 (10.37%) | ₹14,000 | 29/06/2026 (11:33 PM) |
| 28 June 2026 | ₹17.00 | ₹152 (12.59%) | ₹17,000 | 28/06/2026 (11:33 PM) |
| 27 June 2026 | ₹17.00 | ₹152 (12.59%) | ₹17,000 | 27/06/2026 (11:37 PM) |
| 26 June 2026 | ₹17.00 | ₹152 (12.59%) | ₹17,000 | 26/06/2026 (11:37 PM) |
| 25 June 2026 | ₹13.00 | ₹148 (9.63%) | ₹13,000 | 25/06/2026 (11:30 PM) |
| 24 June 2026 | ₹15.00 | ₹150 (11.11%) | ₹15,000 | 24/06/2026 (11:32 PM) |
| 23 June 2026 | ₹14.00 | ₹149 (10.37%) | ₹14,000 | 23/06/2026 (11:35 PM) |
Note: GMP serves as an informal indicator of likely listing sentiment, but it can vary significantly as market trends and investor demand change.
Kratikal Tech IPO–Reservation
The table below provides a category-wise overview of the Kratikal Tech IPO share allocation:
| Investor Classification | Shares Allocated | % Allocation |
| Market Maker | 1,50,000 | 5.10% |
| Anchor Investor | 8,31,000 | 28.27% |
| QIBs | 5,58,000 | 18.98% |
| NIIs | 4,23,000 | 14.39% |
| Individual Investor | 9,78,000 | 33.27% |
| Total | 29,40,000 | 100% |
Kratikal Tech IPO–Lot Size
The table below highlights the minimum application requirements, lot sizes, and investment values for each class of investors:
| Application | Lot Size | Shares | Amount |
| Retail Minimum Application | 2 | 2,000 | ₹2,70,000 |
| Retail Maximum Application | 2 | 2,000 | ₹2,70,000 |
| S-HNI Minimum Application | 3 | 3,000 | ₹4,05,000 |
| S-HNI Maximum Application | 7 | 7,000 | ₹9,45,000 |
| S-HNI Minimum Application | 8 | 8,000 | ₹10,80,000 |
Kratikal Tech IPO–Anchor Investors Details
The following table lists the key particulars relating to the anchor investor portion of the Kratikal Tech IPO:
| Bidding opens on | 29 June 2026 |
| Shares offered | 8,31,000 |
Kratikal Tech IPO–Prospectus
The official IPO filings with SEBI and the stock exchange contain comprehensive information about the issue and may be consulted for further details:
About Kratikal Tech Limited
Incorporation: 13 November 2013
Chairman, Managing Director, and CEO: Mr Pavan Kumar
The company provides AI-powered cybersecurity solutions through its proprietary Software-as-a-Service (SaaS) platform. Alongside its software offerings, the company delivers cybersecurity consulting and regulatory compliance services, helping organisations strengthen their security framework, manage cyber risks more effectively, and improve operational resilience.
The company has two integrated business lines, which are:
- AI-Driven People Security Management: Under the Threatcop brand, the company provides AI-powered cybersecurity awareness and human risk management solutions for organisations.
- Technology and Process Security Services: Under the Kratikal brand, the company offers VAPT, application and infrastructure security, red team exercises, and GRC services, supported by its AI-enabled VMDR and AutoSecT platforms.
| Name | |
| Book Running Lead Manager (BRLM) | Beeline Capital Advisors Pvt Ltd |
| IPO Registrar | KFin Technologies Ltd |
Objectives of Kratikal Tech Limited
Below is an overview of the intended utilisation of the net proceeds from the IPO:
| Particulars | Amount (in ₹ lakhs) |
| Marketing expansion and workforce development. | 2308.45 |
| Product development initiatives | 923.45 |
| Corporate Requirements | – |
Kratikal Tech Limited–Strengths
- Growing Digital Transformation: The increasing adoption of cloud computing, fintech, e-governance, and Industry 4.0 technologies has boosted demand for cybersecurity solutions.
- Strong IT and BPM Ecosystem: India’s well-developed IT and BPM sector supports the growth and global delivery of advanced cybersecurity services.
- Government Support: Government initiatives such as the National Cyber Security Policy, CERT-In, and Digital India have encouraged wider adoption of cybersecurity practices.
- Cost Advantage: India’s competitive service costs have made it a preferred destination for outsourced cybersecurity services.
Kratikal Tech Limited–Risks
- High Employee Costs: The employee benefit expenses form a significant part of the company’s operating costs, and any increase in these expenses may reduce profitability.
- Regulatory Changes: The changes in data privacy and protection laws may increase compliance costs, affect business operations, and impact customer growth.
- Geographic Revenue Concentration: A substantial share of the company’s revenue comes from its top six states, making its financial performance dependent on these regions.
- History of Negative Cash Flows: The company has reported negative cash flows in the past, and similar trends in the future could affect its business and financial performance.
Kratikal Tech IPO–Review
Kratikal Tech Limited operates in the fast-growing cybersecurity industry, where increasing digital adoption and stricter data protection requirements continue to support long-term demand.
From a financial perspective, the company has reported consistent growth in revenue and profit over the last three financial years while maintaining a debt-free balance sheet. These factors indicate improving business scale and prudent financial management.
At the same time, investors should consider the company’s dependence on employee-intensive operations, regulatory changes, geographic revenue concentration, and its history of negative cash flows.
Additionally, the Kratikal Tech IPO GMP reflects positive pre-listing sentiment, although GMP is unofficial and should not be treated as a guarantee of listing performance.
Overall, the Kratikal Tech IPO appears more suitable for investors with a moderate to high risk appetite who are comfortable with the risks associated with SME IPOs and are looking to participate in India’s expanding cybersecurity industry.
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Kratikal Tech IPO FAQs
The Kratikal Tech IPO is a ₹39.69 crore book-built SME IPO comprising a fresh issue of 29.40 lakh equity shares. The company plans to list its shares on the BSE SME platform.
You can apply for the Kratikal Tech IPO through the ASBA facility of your bank or via a registered stockbroker or trading platform that supports UPI-based IPO applications. The application must be submitted within the subscription period.
Kratikal Tech Limited operates in a growing cybersecurity market and has reported improving financial performance with a debt-free balance sheet. However, as an SME IPO, it carries higher risks, making it more suitable for investors with a higher risk tolerance.
The Kratikal Tech IPO expected returns cannot be guaranteed. While the GMP indicates positive market sentiment before listing, the actual listing price and future performance will depend on investor demand and market conditions.
The Kratikal Tech IPO will open for subscription on 30 June 2026 and close on 2 July 2026. The eligible investors can apply during this subscription window.
The Kratikal Tech IPO lot size is 1,000 shares. The retail investors must apply for 2 lots (2,000 shares), requiring a minimum investment of ₹2,70,000 at the upper end of the price band.
The Kratikal Tech IPO allotment is expected to be finalised on 3 July 2026. The successful applicants can expect to receive shares before the proposed listing date.
The equity shares of Kratikal Tech Limited are tentatively scheduled to be listed on the BSE SME platform on 7 July 2026, subject to the successful completion of the IPO process.
